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Guideline Value

Corporate

Guideline Value for JANAKIRAMAN Ist CROSS STREET

₹2800/sq.ft.

The guideline value for Janakiraman Ist Cross Street in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Janakiraman Ist Cross Street

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JANAKIRAMAN Ist CROSS STREET guideline value

The current guideline value of JANAKIRAMAN Ist CROSS STREET is Rs 2,800 per sq.ft. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of JANAKIRAMAN Ist CROSS STREET has changed

Looking at the historical revisions, the guideline value for JANAKIRAMAN Ist CROSS STREET has seen several changes over the years. The 2012 revision recorded a value of Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,500 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 2,800 per sq.ft, reflecting a 12% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing JANAKIRAMAN Ist CROSS STREET's 2024 figure below that median.

Stamp duty and registration fee for property in JANAKIRAMAN Ist CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty, charged at 7%, would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers JANAKIRAMAN Ist CROSS STREET?

The Sub Registrar Office that covers JANAKIRAMAN Ist CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Perungudi

The guideline value is a critical factor in property transactions in Perungudi, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value in their area to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of JANAKIRAMAN Ist CROSS STREET?

The current guideline value of JANAKIRAMAN Ist CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of 12% from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 12%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,00,000 in JANAKIRAMAN Ist CROSS STREET, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office is responsible for this street?

The Neelankarai Sub Registrar Office is responsible for JANAKIRAMAN Ist CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties. Buyers must pay stamp duty and registration fees based on the higher of the guideline value or the sale price during property transactions.